BAJAJ BROKING
At Bajaj Broking, we continuously strive to provide our clients with strategic and profitable trading opportunities. This time, we are excited to recommend CESC (CMP: 175) as our alpha trade recommendation with a time horizon of 35 days. This blog will provide a comprehensive analysis and the rationale behind this recommendation.
CESC Limited, part of the RP-Sanjiv Goenka Group, is a leading power utility company in India. It is primarily engaged in the generation, transmission, and distribution of electricity. CESC serves millions of customers across Kolkata, Howrah, and other parts of West Bengal. The company operates through various subsidiaries and has a significant presence in renewable energy. With a strong commitment to sustainability and innovation, CESC continues to play a crucial role in India's power sector.
Investors looking for a promising opportunity can consider CESC, with its strong technical indicators and favourable risk-reward setup. The breakout above the recent trading range, coupled with the support from the 50-day EMA and the RSI buy signal, makes CESC a compelling buy. With a target price of 192 and a duration of 35 days, this recommendation aligns with our objective of providing strategic alpha trades.
Our track record demonstrates a high success rate with a strike rate of 81% and an average return of 9%. This reinforces our confidence in the current recommendation for CESC.
Stay tuned for more insights and trade recommendations from Bajaj Broking. Happy investing!
Note: All values are mentioned as of August 1, 2024, 10:00 AM.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
NHPC Q2 Results FY24-25 Preview | Estimate
08 Nov, 2024 | 1 Min. read
Mahindra & Mahindra Raises Fy25 Tractor Growth Forecast Amid Strong Q2 Results
08 Nov, 2024 | 3 Min. read
Tata Power Partners with Noida Airport for ₹550 Cr Renewable Energy Project
08 Nov, 2024 | 3 Min. read
MOIL Achieves Record October Production with 1.47 Lakh Tonnes, Up 32% YoY
08 Nov, 2024 | 2 Min. read
Commodities Market Today | WTI, Brent Crude, Gold, and Silver See Gains in Market Prices
08 Nov, 2024 | 1 Min. read
Share Market Today | Gift Nifty Hints At Flat Start; Markets In Range-Bound Trend
08 Nov, 2024 | 4 Min. read
Fed Cuts Rate by 25 Bps to 4.5-4.75% to Support Cooling Economy
08 Nov, 2024 | 2 Min. read
Gold Rate Today | Gold Rises 1.5% To $2,715.30, Silver Gains 2.5% To $32.11
08 Nov, 2024 | 2 Min. read
RVNL Q2 Results FY24-25 Highlights
08 Nov, 2024 | 2 Min. read
MRF Q2 Results FY24-25 Highlights
08 Nov, 2024 | 2 Min. read
Nerolac Paints Q2 Results FY24-25 Highlights
07 Nov, 2024 | 1 Min. read
Trent Q2 Results FY24-25 Highlights
07 Nov, 2024 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading